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FINANCIAL NEWS
Saudi Telecom eyes Syrian market
26 Oct 2010
(MENAFN) Saudi Telecom (STC) said that it is interested in bidding for a mobile license in Syria, one of the few countries in the Middle East with low mobile penetration and promising growth chances, SPA reported.
Last month, Syria tendered to sell a third mobile operator license, with a deadline for submitting a prequalification application expiring on Nov. 14.
STC, which made its expression of interest in a statement on the Saudi bourse website, is facing increasing competition from Mobily and more recently Zain Saudi in its home market, the biggest Arab economy.
Turkey�s Turkcell and Kuwait�s Zain have said they were interested in Syria, which has a population of 20 million people and about 7 million mobile phone users.
The two current cellphone operators in Syria are South Arica�s MTN and Syriatel, which is mostly owned by Syrian businessman Rami Makhlouf.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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